Marsons Limited secures strong credit ratings despite recent disruption

Marsons Limited announced that Brickwork Ratings has assigned credit ratings for its bank loan facilities totaling INR 35 crores. The long-term fund-based facilities of INR 5 crores and non-fund-based facilities of INR 30 crores both received a BWR BBB+/Stable Assignment. Additionally, a short-term non-fund-based sub-limit of INR 10 crores was assigned a BWR A2 Assignment. The company received the rating communication on December 5, 2025.

The credit rating follows a brief operational disruption at Marsons' office due to a short circuit on December 5, 2025. This incident resulted in power failure and internet connectivity issues, leading to the office being non-working on December 8 and 9, 2025. Operations resumed normally on December 10, 2025. The company apologized for the delay in disclosing this material event, attributing it to unavoidable circumstances.

Brickwork Ratings highlighted Marsons' extensive industry experience, strong order book visibility of approximately INR 294 crores, diversified product portfolio, and improved revenue performance as key credit strengths. The ratings are constrained by working capital-intensive operations, susceptibility to raw material price fluctuations, and intense industry competition. The outlook is stable, anticipating continued enhancement in operations and profitability.